I want to know what is the underlying for weekly currency options. For example let’s say for USDINR 3rd July 75.5 CE, what is the underlying? Is it the July future (which on expires on 29th July)? Just wanted clarity on this matter.
For weekly Currency Options underlying is Futures Contract of that month.
Ok. So all the July weekly options (starting from the 3rd July contracts), share the same underlying (i.e. the July future expiring on 29th). Right?
Underlying in case of weekly currency options is always RBI reference rates.